ANTITRUST DURING NATIONAL EMERGENCIES: II

The effects of the Depressions of 1893 and 1929, the Panic of 1907, and World War I upon the enforcement and substantive content of the antitrust law were examined in the first part of this article. Because of the change in government policy toward the law as effected in the early months of the Roosevelt administration, the Depression of 1929 was divided into the years under the Hoover administration and the years under the Roosevelt administration. We have noted that during the former period only twenty-five actions were brought to enforce the law. The legislative policy of that administration in respect to the maintenance of competition remained unchanged, however, with no positive action being taken upon the numerous suggestions offered by private groups and individuals for suspension or modification of the law.